Iran: Shah's Treasure

"France knows well that you are a sovereign who is essentially charitable toward his people," said Charles de Gaulle to visiting Shah Mohammed Reza Pahlevi of Iran. Anyone who can count palaces also knows that the charitable Shah is immensely wealthy. Until he began parceling out the royal estates to needy peasants ten years ago, his lands alone measured almost 2,000,000 acres and included 2,000 villages. In 1958 the Shah set up the Pahlevi Foundation (orphanages, hospitals), and last week he transformed part of the foundation into an irrevocable religious trust. In the process, a list of the...

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